X0202 SCHEDULE 13G 0002123654 XXXXXXXX LIVE Class A Common Stock, par value $0.0000001 per share 06/30/2026 0002098430 Madison Air Solutions Corporation 55658T105 444 West Lake Street Suite 4460 Chicago IL 60606 Rule 13d-1(d) Larry Gies X1 0.00 336679321.00 0.00 336679321.00 336679321.00 N 67.1 IN The amount in Item 9 represents (i) 324,379,859 shares of Class A common stock issuable upon conversion of an equivalent number of shares of Class B common stock and (ii) 12,299,462 shares of Class A common stock. The percentage in Item 11 is calculated based on (i) 177,342,753 shares of Class A common stock outstanding as of July 28, 2026, as reported on the Issuer's Form 10-Q filed on July 30, 2026, as increased by (ii) the 324,379,859 shares of Class A common stock issuable in respect of shares of Class B common stock. Madison Industries Holdings LLC DE 0.00 324379859.00 0.00 324379859.00 324379859.00 N 64.7 OO The amount in Item 9 represents 324,379,859 shares of Class A common stock issuable upon conversion of an equivalent number of shares of Class B common stock directly held by the reporting person. The percentage in Item 11 is calculated based on (i) 177,342,753 shares of Class A common stock outstanding as of July 28, 2026, as reported on the Issuer's Form 10-Q filed on July 30, 2026, as increased by (ii) the 324,379,859 shares of Class A common stock issuable in respect of shares of Class B common stock. Madison Air Co-Investors LLC DE 0.00 12299462.00 0.00 12299462.00 12299462.00 N 2.5 OO The amount in Item 9 represents 12,299,462 shares of Class A common stock directly held by the reporting person. The percentage in Item 11 is calculated based on (i) 177,342,753 shares of Class A common stock outstanding as of July 28, 2026, as reported on the Issuer's Form 10-Q filed on July 30, 2026, as increased by (ii) the 324,379,859 shares of Class A common stock issuable in respect of shares of Class B common stock. Madison Air Solutions Corporation 444 West Lake Street, Suite 4460 Chicago IL 60606 This Schedule 13G is filed by Larry Gies, Madison Industries Holdings LLC ("Holdings") and Madison Air Co-Investors LLC ("Co-Investors") (each, a "Reporting Person" and collectively, the "Reporting Persons"). The principal business address for each of the Reporting Persons is 444 W Lake Street, Suite 4400, Chicago, Illinois 60606. See responses to Item 4 on each cover page. Y See responses to Item 9 on each cover page. The reported securities include (i) 324,379,859 shares of Class B common stock directly held by Holdings and (ii) 12,299,462 shares of Class A common stock directly held by Co-Investors. Shares of Class B common stock are convertible into shares of Class A common stock on a one-for-one basis. Larry Gies is the sole manager of Holdings. Holdings is the sole manager of Co-Investors. Consequently, Mr. Gies may be deemed to beneficially own the shares of Class B common stock held by Holdings and the shares of Class A common stock held by Co-Investors. The filing of this Statement shall not be deemed an admission of beneficial ownership by any of the Reporting Persons for purposes of Section 13(d) or Section 13(g) or for any other purpose. See responses to Item 11 on each cover page. See responses to Item 5 on each cover page. See responses to Item 6 on each cover page. See responses to item 7 on each cover page. See responses to Item 8 on each cover page. Y Y Y Y Y Y Exhibit 99 Joint Filing Agreement, dated as of August 10, 2026. Larry Gies /s/ Larry Gies 08/10/2026 Madison Industries Holdings LLC /s/ Larry Gies 08/10/2026 Madison Air Co-Investors LLC /s/ Larry Gies 08/10/2026